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Newmont mulls legal action on Indonesia tax

Published on Jan 23, 2014 2:18 AM
 

INDONESIA (REUTERS) - Newmont Mining Corp said on Wednesday that it was considering legal action as well as other options in Indonesia, where it is facing a new export tax.

Indonesia softened a proposed mineral ore export ban earlier this month, but surprised miners by imposing a new tax on exports of concentrate. Newmont exports concentrate from its Batu Hijau copper and gold mine.

The US miner's contract of work with Indonesia's government specifies the company must pay a 35 per cent corporate income tax.

The contract says Newmont is not subject to any other taxes, duties or fees, company spokesman Omar Jabara said in an emailed statement last week.

 
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